10 Reasons to Save with MESP Plan Details & Information Reducing the Cost of College Saving vs. Borrowing The Future Cost of College Ways to Save & Pay [..]

10 Reasons to Save with MESP Plan Details & Information Reducing the Cost of College Saving vs. Borrowing The Future Cost of College Ways to Save & Pay [..]

An account in the Plan.

The account application is the application to be completed and submitted to the Michigan Education Savings Program (MESP), along with payment, to participate in the Plan. It incorporates by reference [..]

The account owner is the owner of an account in the Plan, typically the parent or grandparent but it doesn’t need to be a family relation.

An accredited school is a school that is eligible to participate in certain federal student aid programs. This might be a college or graduate school, or a vocational or trade school. Most major colleg [..]

An investment approach that seeks to exceed the average returns of the financial markets. Active managers rely on research, market forecasts, and their own judgment and experience in selecting securit [..]

A 10% additional federal tax imposed on the earnings portion of a Non-Qualified Withdrawal.

The distribution of your funds among various investment alternatives or asset classes. Typically, asset allocation is expressed in percentages; for example, 40% equities, 40% fixed income, 20% cash.

Different types of investments. Equities (stocks), fixed-income (bonds) and money market (short-term investments) are examples of asset classes.